What is Sustainable Cost Savings?

Sustainable cost savings are long-term cost savings that can be achieved through targeted initiatives and lean methods that identify and remove outflows from costs drivers.

Contrary to short-term cost-saving initiatives, which may result in damage rather than savings, sustainable cost-reduction initiatives focus on methods that enable continuous improvement in an enterprise’s cost management.

Continue reading about GEP’s strategic cost management solutions.

Related Terms

What is S2P?What is S2P Software?What is Savings Tracking?What is Savings Tracking Software?What is Selling, General and Administrative (SG&A)?